Yes, that's correct.
Thus I guess an even larger indicator of Chicago's "financial rebound" would be Polish or Italian immigrants wheeling around rickety wooden carts selling potatoes on the street.. kind of like back in 1905.
And parents having to chip in to help schools their kids attend buy toilet paper is also an indicator of financial strength for Chicago.
The Mayor:
"We now enjoy a rapidly growing food truck industry, a nationally renowned bike sharing program, new protected bike lanes that represent around 20 percent of the nation's total urban network,” Emanuel said. “And a booming tech sector that is bringing thousands of new jobs and hundreds of new companies to the city of Chicago.”
Food truck industry?
hundreds of new companies moving into Chicago- I wonder if the Mayor can name ten of them?
I doubt the Mayor is talking about Dominick's grocery chain owner Safeway:
The owner of Dominick's Finer Foods announced Thursday the company plans to leave Chicago by early next year.
So this means closing I believe it is 72 grocery stores, hundreds of jobs lost.
Emanuel is also in the national spotlight in relation to the pension crisis. Municipal and state governments nationwide are struggling with ballooning, unfunded pension liabilities, but Illinois’s and Chicago’s pension problems are among the worst. On Dec. 3, the Illinois legislature passed pension reforms backed by Emanuel and stridently opposed by unions, which raised the retirement age and reduced benefits for public workers.
FAIL.
http://america.aljazeera.com/...
Source: http://www.nbcchicago.com/...